Norway's Xplora misses Q2 revenue estimates on soft consumer demand

Xplora Technologies AS

19/08/2026 06:13

Overview
Norway smart device maker's Q2 revenue fell 9% yr/yr, missing analyst expectations
Gross margin improved to 54% from 50% as subscriptions rose 27% yr/yr
Company signed SPA to acquire emporia Group, expanding senior segment presence

Outlook
Company did not provide specific financial guidance for the current or future periods in press release

Result Drivers
SUBSCRIPTION GROWTH - Co said rising subscriptions helped drive higher recurring service revenue and improved gross margin
SOFT CONSUMER DEMAND - Co cited weaker consumer sentiment as a factor in declining total revenue
SENIOR SEGMENT EXPANSION - Acquisition of emporia Group expected to support growth in senior segment subscriptions

Company press release: ID:nMFNDmVGn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
NOK 422 mln
NOK 430.33 mln (3 Analysts)
Q2 EBITDA
 
NOK 49 mln
 
Q2 Gross Profit
 
NOK 228 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the phones & handheld devices peer group is "buy"
Wall Street's median 12-month price target for Xplora Technologies AS is NOK85.00, about 137.1% above its August 18 closing price of NOK35.85
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

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Aug 18 - Hong Kong's uCloudlink Q2 revenue falls on weaker international connectivity, lowers 2026 revenue outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)